C Grier Beam Truck Museum

Analysis

C Grier Beam Truck Museum is a registered charity in United States, based in Cherryville, NC. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, C Grier Beam Truck Museum reported income of $86k and spending of $78k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $86k (+90%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, C Grier Beam Truck Museum sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Nelson County Historical Society ($86k), Whitesville Historical Society Inc ($86k) and Lakeview Orchestra Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $47k (60% of expenses). At year end it held assets of $546k against liabilities of $2,462, net assets of $544k. It reported 2 employees.